Learning objectives
By the end of the week you can:
- Run a deliberate-practice rep that improves you rather than merely entertains you: produce the full output before peeking, self-grade it line-by-line against the rubric, diff it against a model answer, and log the systematic error the miss reveals.
- Track your own error signature: maintain a miss taxonomy (coverage, calibration, speed, false-precision, sourcing, tripwire misses), read it for the one or two errors you make repeatedly, and design your next reps to attack exactly those.
- Climb the scaffold-fading ladder deliberately: move a teardown from guided → faded → independent → timed, and a deep dive from guided → faded → independent, knowing precisely which support each rung removes and how you know you are ready to climb.
- Name and defuse the failure modes that appear only under time pressure: rabbit-holing, anchoring on the story, skipping the reverse DCF, missing the related-party/pledge tripwires, and false precision. Each comes with the mechanical fix you run in the moment, not the resolution you make afterward.
- Budget sixty minutes across the twelve questions so that a partial answer to all twelve beats a perfect answer to six, timeboxing each block and parking every rabbit-hole.
- Score any teardown or deep dive against its printable rubric to the same standard a grader would, and read the total honestly (effort is not a criterion; the output clearing the bar is).
- Select the right practice target for the skill you are building, from a graded bank of thirty-plus India and US companies: an easy clean-compounder to learn the shape of "good," a sector specimen to drill a lens, a cyclical/financial/holdco/turnaround to practise where the method is hardest.
- Pass the certification: two timed 60-minute teardowns (one India, one US) and one full 2–3-day deep dive, all on never-studied companies, each scored at or above the rubric bar. Then run the lifelong weekly rep cadence that keeps the skill sharp for the decades after week 69.
Prerequisites & connections
Builds on. Everything, and M8.01–M8.04 most immediately. No new analytical technique appears here. The entire content is how to convert technique you already have into an automatic, fast, unscaffolded skill, and how to prove you have done so. From Phase 8: the source stack and 45–60-minute skim (M8.01); the twelve questions, the moat quick-test, and the eight-line output (M8.02); the ten-year history and incremental ROIC, the industry map, the three-statement-lite model, and the reverse DCF (M8.03); the scuttlebutt, the DEF 14A / Board's-report incentive read, the steelman, the one-page thesis, and the pre-mortem (M8.04). Underneath those: the three-statement linkage (M1.05), NOPAT and invested capital (M2.03), cash conversion (M2.04), the quality-of-earnings Ctrl-F reflexes and the red-flags checklist (M2.06–2.08), the reverse DCF and "what's priced in" (M3.05), value drivers and the g = reinvestment rate × ROIC discipline (M3.07), the four-lens moat protocol (M4.04–4.05), the sector KPI panels (Phase 5), the mental-model and personal checklists (M6.05), and the macro overlay (Phase 7). The two reusable playbooks, artifacts/playbook-1-2-hour-teardown.md and artifacts/playbook-2-3-day-deep-dive.md, are the templates you fade away from here.
Feeds forward. Phase 9 (Portfolio, Risk & Process) presumes a certified analyst: M9.01–M9.04 take the theses your certified skill produces and teach you to size them, hold them, sell them, and journal them. From week 70 the company-of-the-week becomes teardown → watchlist decision → simulator action, journaled (Section 5.2 of the master map). Phase 10's two institutional-grade capstone deep dives (M10.01–M10.02) are this certification's deep dive, repeated unaided at higher stakes and graded against an institutional rubric. Competency C10 is certified here; C3 (understand a business model cold) and C11 (communicate like a consultant) are exercised on every rep and every thesis.
The one-sentence version of this module. You have the method; this module makes it a reflex you can run cold, under a stopwatch, on a company you have never seen. Then it makes you prove it, twice on the clock and once in depth, against a rubric that does not care how hard you tried.